Even If They Cut 50 Basis Points: Why It Likely Won't Work

Janet Yellen was smart enough to “exit” and stick Jerome Powell with the “tab.”

While the market rallied back from its 20% decline last year on “hopes” of an end to the “trade war” and “rate cuts,” the market is missing an important part of the picture. Rate cuts may not work.

 

 

 

 

 

 

 

https://davidstockmanscontracorner.com/?p=324808&preview_id=324808&preview_nonce=90da170789&preview=true

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.